Company Shoe Palace did business with seven Brazilian companies in the footwear trade show taking place in São Paulo. The Arab Chamber has a spot in the fair and is providing support to importers.
The country’s facility at the world fair which Dubai is set to host will be built by Arabtec Construction. The design is from Santiago Calatrava, the architect who created Rio de Janeiro’s Museum of Tomorrow.
The Africa Finance Corporation will lend USD 28 million to enable the start of production in the Halk El Menzel field, which is under concession to Tunisian company Topic.
Foreign sales from Brazil amounted to USD 3.6 billion in the first half of the year, with over 2 million tons sold. Egypt was a major buyer.
According to a survey conducted by the Brazilian Institute of Geography and Statistics (IBGE), there was an increase of 0.8% over April ando f 4% over May of last year.
Saudi Arabia’s Elixir is looking for footwear suppliers for its new store chain, Kuwait’s Hazar Shoes wants to become a franchisee for a Brazilian brand and Oxygen, also from Kuwait, plans to keep on buying.
Foreign sales from Brazil to the region amounted to USD 5.6 billion in the first half of the month. Overall, the country saw a USD 36 billion trade surplus.
The airport’s terminals of the emirate welcomed 6,850,052 passengers in the fifth month of the year. The region with the sharpest growth in passenger number was South America with 60% over 2016.
Brazilian production averaged at 2.5 million barrels per day in 2016, up 3.2% from 2015. Exports reached an all-time high.
A group of 50 students from technical and services professions will take part in the WorldSkills Competition from October 14 to 16 in the UAE. In the last edition, Brazil earned the top spot in number of medals.
The organization celebrates its anniversary this Sunday. ‘We have earned the respect of governments and of Brazilian and Arab business owners as an effective, transparent and fair partner,’ said president Rubens Hannun.
The sector’s foreign sales to the Arab countries generated USD 893,000 in revenues in May, well above the USD 286,000 from April. Overall, exports increased 10.5%.
Brazilian carriers registered a 6.9% drop in 2016, which came after 13 straight years of growth.
At the end of May there were 13.8 million unemployed persons in the country, according to the national household sampling survey from the Brazilian Institute of Geography and Statistics (IBGE).
